"
or "Garibaldi") is pleased to provide this progress report as drilling
continues at the Silver Eagle target, Rodadero North in central Sonora
State, Mexico. A fourth hole is now under way to test the geometry and
dimensions of a promising high-grade, near-surface structure. Pending
additional assay results are eagerly anticipated and will be released as
they become available.
diamond drill rig to complete the second hole. The larger rig using HQ
core is successfully penetrating the rock within the target zone at
Silver Eagle and is also providing better core recovery than the
company-owned diamond drill.Mineralization at Silver Eagle consists of an apparently flat-lying silicified zone or cap of brecciated rock exposed on a hill. Mineralized structures cross this silicified zone and may form a tabular root or feeder zone to the silicification.
The Silver Eagle target is one of eight prospects defined at Rodadero North along a 10-km NW-SE trend. Garibaldi's regional exploration efforts at Rodadero featured the use of hyperspectral remote sensing technology followed by a ground program of mapping and sampling which produced highly encouraging results.
Surface sampling results from Silver Eagle, the first target to be drilled at Rodadero, ranged from anomalous to 1,840 g/t Ag. Of 171 chip samples taken in the area of the silicified cap, 44 (26%) contained 100 g/t or more Ag and 23 (13%) contained more than 300 g/t Ag. Assay results from SE-14-01 drill core demonstrated even higher grades within 30 meters from surface.
A link to drill core photos from Silver Eagle can be found on the Garibaldi homepage at www.GaribaldiResources.com.
Corporate Video
To view a recorded version of the latest GGI webinar, please visit the following URL: http://www.garibaldiresources.com/s/Media.asp#video1
Quality Assurance & Control
Garibaldi maintains strict QA-QC protocols for all aspects of its exploration programs that include the systematic insertion of blanks and standards into each sample batch. ACME Labs (now part of the Bureau Veritis group that includes BSI Inspectorate) is performing assay analyses on all drill core from Silver Eagle, while ALS Global (formerly ALS Chemex) performed analyses on rock samples reported in this release. All rock samples were assayed using certified and industry
standard assay techniques. Silver was analyzed by multi-element ICP.
Samples in excess of 1,500 g/t Ag were analyzed by gravimetric methods.Qualified Person
Dr. Craig Gibson, Certified Professional Geologist and a director of Garibaldi, is a non-arms length Qualified Person for the Company's Mexico projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desarrollo Minero del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.
About Garibaldi
Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder
value through discoveries and strategic development of its assets in
some of the most prolific mining regions in Mexico and British Columbia.We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per: "Steve Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.
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